MOSCOW (MRC) -- Iranian Minister of Petroleum Bijan Zangeneh said Iran will launch major petrochemical projects during the current Iranian calendar year (which began on 20 March 2016) with an investment of USD 5 billion, as per GV.
Zangeneh said the projects include a methanol production plant in Assaluyehl, in southern Iran. The plant will run with the nameplate capacity of 2.5 million tons per year of methanol.
Furthermore, three polyethylene (PE) projects in Sanandaj, Mahabad and Loresan, all located in western Iran, with a capacity to produce 300,000 tons of products annually, will also come on-stream.
Two more petrochemical plants in Assaluyeh and Bandar Imam will also come on-stream by the end of the current Iranian calendar year to 19 March 2017, Zangeneh said.
He said Iran's ministry of petroleum is seriously focused on bolstering downstream and petrochemical industries across the country, adding that completion of the value chain in the petrochemical sector will be in line with materialization of resistive economy requirements.
"Small petrochemical plants can supply 40,000 to 50,000 tons of products annually which can generate jobs in the country," he said.
As MRC wrote before, as of 2015, number of active Iranian Petrochemical complexes are 53, with total production capacity of 59 million metric ton, producing range of polymers, chemicals, aromatics & liquid gas, located mainly at Iranian south region, next to Persian Gulf, called Assaluyeh and Mahshahr Special Economic Zones.
At the moment, there are 67 developments projects in the country which are under construction, adding 61 million metric ton on total production and estimated to fully run till 2018.
MRC